"Quite frankly, all the players are getting paid too much and all the contracts are too long," general manager Lou Lamoriello said. "But if you want to compete in this market and you want to win, there are some things you have to do."

I believe the article is accurate. We only need to hope there is a willing buyer that will take control once Vanderbeek is out of the picture.

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I collect spores, molds and fungus.Hello fellow American. This you should vote me. I leave power. Good. Thank you, thank you. If you vote me, I'm hot. What? Taxes, they'll be lower... son. The Democratic vote is the right thing to do Philadelphia, so do.How do you spot risk? How do you avoid risk? And what makes it so risky?

You guys are worse than Cory Booker. Support JVB and have some faith that he will come through!

I don't want him to come through. It's taken him a year to come up with the money for this loan, why would I want this guy to own the franchise when there's another loan coming due in a few years that he will again struggle to pay? It's just delaying the inevitable.

I don't want him to come through. It's taken him a year to come up with the money for this loan, why would I want this guy to own the franchise when there's another loan coming due in a few years that he will again struggle to pay? It's just delaying the inevitable.

I see what you're saying, but its likely that any new owner would not be much wealthier and would still have to deal with the loans for years to come. If we can get a rich oil tycoon to make it rain doller bills, great. But I like JVB as a fan-friendy owner who deeply cares about nj hockey. I hope he can get the finances sorted out.

That's not really the correct way to frame the question. The issue is what happens if the team's creditors officially declare the team in default on its loans. The most likely scenario is that the team will file for bankruptcy, and the league and the team's creditors to work out a plan that reorganize the team. In all likelihood that will entail an investor agreeing to pay off some of the debt and/or rework the repayment terms while taking control of the team. Whatever the case, it means Vanderbeek is out of the picture. The team will end up being a much healthier enterprise under this scenario, just like the Dallas Stars and Texas Rangers are now that its debt-laden owner was kicked out after the teams filed for bankruptcy.

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I collect spores, molds and fungus.Hello fellow American. This you should vote me. I leave power. Good. Thank you, thank you. If you vote me, I'm hot. What? Taxes, they'll be lower... son. The Democratic vote is the right thing to do Philadelphia, so do.How do you spot risk? How do you avoid risk? And what makes it so risky?

I see what you're saying, but its likely that any new owner would not be much wealthier and would still have to deal with the loans for years to come. If we can get a rich oil tycoon to make it rain doller bills, great. But I like JVB as a fan-friendy owner who deeply cares about nj hockey. I hope he can get the finances sorted out.

Vanderbeek is not that wealthy. A lot of his wealth was tied up in Lehman stock that basically evaporated years ago. My guess is that he's worth something like $20 million. Obviously all of us would take that, but it's not enough to be the majority owner of a professional sports franchise.

A new owner might not necessarily have to deal with outstanding loans, or, will get to repay them on much more favorable terms. A wealthy enough guy could purchase all of the outstanding debt at a discount and take control of the team. The team could file for bankruptcy and a new purchaser and creditors could work out a deal that restructures the team's debt. While the creditors could agree to that outside of bankruptcy, it's pretty clear that they want Vanderbeek out of the picture.

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I collect spores, molds and fungus.Hello fellow American. This you should vote me. I leave power. Good. Thank you, thank you. If you vote me, I'm hot. What? Taxes, they'll be lower... son. The Democratic vote is the right thing to do Philadelphia, so do.How do you spot risk? How do you avoid risk? And what makes it so risky?

If Rags fans want to brag that they are more numerous and that their owner is wealthier (even if he's a spoiled, do-nothing, cokehead), more power to them. It's nice that there are a lot of them who can gather in large groups to talk about '94 being the greatest event in the history of mankind. In the meantime, the bankrupt Devils (and Coyotes for that matter) will get on with the business of winning hockey games.

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I collect spores, molds and fungus.Hello fellow American. This you should vote me. I leave power. Good. Thank you, thank you. If you vote me, I'm hot. What? Taxes, they'll be lower... son. The Democratic vote is the right thing to do Philadelphia, so do.How do you spot risk? How do you avoid risk? And what makes it so risky?